The RINs market remains relatively subdued. The 2019 biodiesel RIN went unchanged from yesterday’s close, holding at 58 bid versus a 59 offer. The 2020 biodiesel RIN increased half a cent in value to 61.50 and the 2021 biodiesel RIN was quoted 60 bid versus a 64 offer.
The LCFS credit continued to stabilize around the $200 mark. Bids were last seen for $199 against offers at 203 in the prompt market. Fourth quarter 2020 and first quarter 2021 were showing $198 bids. Further down the curve, there was a fourth quarter 2022 trade at $194. In Oregon, the CFP credit was showing a $130.50 offer. $129 reportedly traded yesterday.
Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!